Author Archive: Jeremy Parkinson
US Housing Jumps – USD Unexcited – More Falls To Come?
Housing starts are up 8.3% to 1.215 million and building permits rise 7.4% to 1.254 million annualized. Both figures are ahead of expectations. The previous figure for housing starts was revised up to 1.122 million. It’s all good. The dollar is not really taking advantage of this. Is this a bearish sign for USD bulls? […]
Will We Hold It Wednesday – New Highs Again?
Up and up she goes. Now we’re watching that 6,000 line on the Nasdaq (/NQ) Futures which is up 33% in 18 months and up 40% from the lows of Jan, 2017. We barely paused at 5,000 and didn’t pull back at 5,500 but our first attempt at 6,000 was rejected and, if we call […]
The Stock Whisper Of The Day: MS, SMH, ITB
Hot stocks of the day: MS, SMH, ITB Video length: 00:04:58
High Yield IED
“What we’re seeing is an increase in the evolutionary pace of IED (improvised explosive device) design. It’s increasing at a pace we previously haven’t seen.” – Ben Venzke The traditional benchmark asset allocation is 60/40 – 60% in stocks, 40% in bonds. Such a “balanced” allocation is considered to be a moderately conservative investment posture as […]
Euro, Yen Volatility Due With BOJ, ECB Meetings Tomorrow
Video length: 00:09:45 Amid a quiet economic docket that won’t see one ‘high’ rated event this entire week, the US Dollar’s decline continues. Absent data catalysts that could spark a turnaround, the greenback is left adrift at sea, set to go wherever the winds of other currencies blow its sails. While the calendar in general […]
Calyxt, Inc.: Regulatory Hurdles Keep Us Cautious On This (Otherwise Exciting) IPO
Calyxt Inc. (Nasdaq: CLXT) filed an S-1/A with the Securities and Exchange Commission for its planned initial public offering. The company intends to offer 6,060,606 shares at a marketed price range of $15 to $18. It has an additional 909,091 shares over-allotted for its underwriters. The underwriters for the offering include Citigroup, Jefferies, Wells Fargo Securities, BMO Capital […]
Testing The Waters
Saudi Arabia was testing the waters by sending a signal that the kingdom might cut crude exports by 1.0 million barrels to shock and awe oil out of this sideways trading range ahead of Monday’s OPEC technical meeting. While the market did respond positively to the news, there was still some skepticism that the Saudis […]
Morning Call For Wednesday, July 19
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.07%) this morning are up +0.03% and European stocks are up +0.17%. Stronger-than-expected Q2 earnings results from Morgan Stanley is boosting the stock nearly 3% in pre-market trading and is leading the overall market higher. Also, energy stocks are higher with Aug WTI crude oil (CLQ17 +0.19%) up +0.41% […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, July 19
WTI Crude Oil The WTI Crude Oil market initially shot much higher during the day on Tuesday but found enough resistance near the $47 level to turn around and form a shooting star. I believe that a lot of traders stepped out of the market as we await the Crude Oil Inventories announcement coming out […]
Morgan Stanley Triumphs: Posts Higher FICC Revenue Than Goldman Sachs
After yesterday’s stunning 40% plunge in Goldman’s FICC revenue, market watchers and MS shareholders were nervously anticipating the release of today’s Morgan Stanley Q2 earnings data. In retrospect, they had no reason to be worried, because moments ago MS reported revenue and EPS which both beat expectations, with Q2 EPS of $0.87 (est $0.76) on revenue […]
